Stern Corporation

Genral Journal
#
1

2
3

4
5

Transaction
Cash
Accumulated Depreciation, Factory Machine
Factory Machine
Depreciation Expense
Tools
Depreciation Expense, Automotive (a)
Accumulated Depreciation, Automotive (a)
Cash
Accumulated Depreciation, Automotive (b)
Loss on Sale of Asset
Automotive Equipment
Patent Amortization Expense (d)
Patent
Cash
Accumulated Depreciation, Office Typewriter
Gain from Sales of Office Typewritter
Office Typewriter
Cash
Depreciation Expense, Furnitures and Fixtures (e)
Accumulated Depreciation, Furnitures and Fixtures
Accumulated Depereciation, Furnitures and Fixtures
Furniture and Fixtures
Gain from Sales of Furniture amd Fixtures (f)
Depreciation Expense
Accumulated Depreciation, Building
Accumulated Depreciation, Factory machine
Accumulated Depreciation, Furnitures and Fixtures
Accumulated Depreciation, Automotive
Accumulated Depreciation, Office Machines

DR
3,866.00
27,367.00

CR

31,233.00
7,850.00
7,850.00
278.00
278.00
2,336.00
5,458.00
560.00
8,354.00
11,250.00
11,250.00
75.00
1,027.00
75.00
1,027.00
80.00
36.75
431.75
36.75
490.00
21.75
407,279.28
48,105.18
339,435.20
5,599.40
9,988.80
4,150.70

467,894.78
-

467,894.78

beg

Factory machine
3,425,585.00

Accumulated Dep, Factory Ma

31,223.00 sale

sale

27,367.00
27,367.00

end

3,394,362.00

beg

Tools
61,294.00
7,850.00

end

beg

53,444.00
Automotive Equipment
58,298.00

Accumulated Dep, Automotive Eq

sales

5,458.00

8,354.00 sale
5,458.00
end

49,944.00

beg

Patent
56,250.00
11,250.00 amortization

end

beg

45,000.00

Office machine
42,534.00

Accumulated Dep, Office Ma

1,027.00 sale

sale

1,027.00
1,027.00

end

41,507.00

beg

Furnitures and Fixtures

56,484.00

Accumulated Dep, Furnitures and

490.00

sale

431.75
431.75

end

55,994.00

beg

Building
2,405,259.00

end

2,405,259.00

Accumulated Dep, Buildin

umulated Dep, Factory Machines

1,642,358.00 beg
339,435.20

1,981,793.20
1,954,426.20 end

ulated Dep, Automotive Equipment

37,156.00 beg
9,988.80
278.00
47,422.80
41,964.80 end

umulated Dep, Office Machine

28,005.00 beg
4,150.70

32,155.70
31,128.70 end

ulated Dep, Furnitures and Fixtures

40,400.00 beg
5,599.40
36.75
46,036.15
45,604.40 end

Accumulated Dep, Building

663,379.00 beg
48,105.18

711,484.18
711,484.18 end

Gross

Land
Building
Factory machinery
Furnitures and Fixtures
Automotive equipment
Office Machines
Tools
Patent

186,563.00
2,405,259.00
3,394,352.00
55,994.00
49,944.00
41,507.00
53,444.00
45,000.00

TOTAL 6,232,063.00

Accumulated Depreciation

711,484.18
1,954,426.20
45,604.40
41,964.80
31,128.70

2,784,608.28

Net ($)

186,563.00
1,693,774.82
1,439,925.80
10,389.60
7,979.20
10,378.30
53,444.00
45,000.00
3,447,454.72

Explanations for entries

(a)
(b)

(d)
(e)
(f)

Depreciation was computed by (1/6*.20*8354)

Accumulated Depreciation was got from 5180 + 278
loss on sale came from book value of car less depreciation and cash that was received
The entry came from 56250/5
Depreciation was computed by (9/12*.10*490
The gain came from (490-431.75=58.25, 80-58.25=21.75)